950 8Th StMiami, FL 33130

Property Details for 950 8Th St

Year built

1951

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

2,238 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Turn key restaurants

APN

01-4138-011-0040

APU

141380110040

Description

This exceptional 2,238 square foot restaurant space, located at 950 SW 8th St in Miami, Florida, presents a unique value-add opportunity. Situated in the heart of Calle Ocho, Little Havana, this property boasts a highly desirable retail location with significant foot traffic. Built in 1951, this single-story building sits on a 6,004 square foot lot and is zoned T6-8-O. The asking price is $2,600,000, translating to $1,161.75 per square foot. The property is currently vacant, offering a blank canvas for a new culinary venture. Benefitting from its prime location, the restaurant enjoys proximity to Brickell City Center (approximately one mile away) and serves a substantial population of 290,000 within a three-mile radius. Little Havana attracts an estimated three million tourists annually, providing a large potential customer base. On-site parking accommodates eight vehicles. The property is offered fee simple, with a NNN lease type. Owner financing is available. An adjacent property at 938 SW 8th Street is also available for purchase. This is a rare opportunity to own a piece of Miami's vibrant culinary scene.

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7657

Longitude

-80.21

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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